SGP(SH:603586)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 459,807,773.73, representing an increase of 11.79% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 45,395,243.62, a significant increase of 385.14% year-on-year[3] - Basic earnings per share were CNY 0.23, reflecting a growth of 363.09% year-on-year[3] - Operating profit for Q1 2023 was ¥55.59 million, significantly up from ¥7.68 million in Q1 2022, marking a 620.5% increase[19] - Net profit for Q1 2023 was ¥45.40 million, compared to ¥9.36 million in Q1 2022, representing a 384.5% increase[19] - Total comprehensive income for Q1 2023 was ¥47.28 million, compared to ¥32.24 million in Q1 2022, marking a 46.6% increase[20] - Total comprehensive income for Q1 2023 was CNY 12.37 million, significantly lower than CNY 34.41 million in Q1 2022[28] Cash Flow - The net cash flow from operating activities reached CNY 38,062,810.37, up by 185.39% compared to the previous year[3] - Cash flow from operating activities in Q1 2023 was ¥38.06 million, a turnaround from a negative cash flow of ¥44.58 million in Q1 2022[21] - Cash flow from operating activities showed a net outflow of CNY 2.33 million, an improvement from a net outflow of CNY 26.56 million in Q1 2022[30] - Cash flow from investing activities generated a net inflow of CNY 24.53 million, compared to CNY 5.26 million in Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,755,280,448.63, a decrease of 3.29% from the end of the previous year[4] - Total current assets were CNY 1,709,788,613.25, down from CNY 1,795,021,713.70, indicating a decrease of about 4.8%[14] - The company's total liabilities decreased to CNY 487,165,665.84 from CNY 628,804,814.85, a reduction of about 22.5%[16] - Total assets as of March 31, 2023, were ¥2.22 billion, down from ¥2.34 billion as of December 31, 2022, reflecting a decrease of approximately 5.1%[25] - Total liabilities decreased to ¥389.47 million as of March 31, 2023, from ¥528.40 million at the end of 2022, a reduction of approximately 26.4%[25] Shareholder Information - The company reported a total of 14,677 common shareholders at the end of the reporting period[8] - The top shareholder, Shandong Jinqilin Investment Management Co., Ltd., holds 90,672,757 shares, accounting for 46.25% of total shares[9] Research and Development - Research and development expenses for Q1 2023 were ¥17.56 million, up from ¥14.70 million in Q1 2022, indicating a 19.4% increase[18] - Research and development expenses increased to CNY 8.58 million, up 14.2% from CNY 7.51 million in Q1 2022[27] Government Subsidies - The company received government subsidies amounting to CNY 1,017,826.35, which are not related to normal business operations[5] Inventory and Receivables - The accounts receivable increased to CNY 526,515,217.18 from CNY 509,939,913.79, reflecting an increase of about 3.2%[14] - The inventory decreased to CNY 317,289,570.67 from CNY 335,453,924.84, indicating a decline of approximately 5.4%[14] - The company's inventory decreased to ¥159.55 million as of March 31, 2023, down from ¥181.44 million at the end of 2022, a decline of approximately 12.0%[24] Financial Expenses - Financial expenses increased to CNY 5.97 million, compared to CNY 0.43 million in Q1 2022, primarily due to higher interest expenses[27] Borrowings - The company's short-term borrowings decreased to CNY 130,000,000.00 from CNY 160,000,000.00, a reduction of 18.8%[15] - The cash flow from financing activities included ¥30 million in cash received from borrowings in Q1 2023, marking the first borrowing activity reported for the year[22] - The company reported a net cash outflow from financing activities of -¥102.12 million in Q1 2023, compared to -¥63.35 million in Q1 2022, indicating increased cash outflow[22]